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Category: Elon Musk – Page 134
Twitter to appoint Elon Musk to board of directors
BREAKING: Tesla CEO Elon Musk is set to be appointed to Twitter’s board of directors after he revealed he held a 9.2 percent stake in Twitter, which is the largest of any outside shareholder.
Twitter will appoint Tesla CEO Elon Musk to its board of directors, the company announced Tuesday.
As long as Musk is serving on the board, and for 90 days after, he will not be able to own more than 14.9 percent of Twitter’s stock, Twitter said in a Securities and Exchange Commission filing. Musk’s term on the board will expire at the social media company’s 2024 annual meeting of stockholders.
The move comes after Musk revealed he acquired a 9.2 percent stake in Twitter, making Musk the largest outside shareholder.
Elon Musk buys 9.2% stake in Twitter, becomes the largest shareholder
Musk’s shareholding is more than four times the 2.25% stake held by Twitter founder Jack Dorsey.
According to a 13G filing published today, Tesla CEO Elon Musk now owns 9.2 percent of Twitter, Bloomberg News reports. Musk purchased the stock on March 14th, according to the filing. Musk has long been a high-profile Twitter user, and he recently questioned his over 80 million followers on the platform’s commitment to free speech. Twitter’s stock price rose more than 25% in pre-market trading as a result of the announcement.
According to CNBC, Musk’s Twitter stocks were worth $2.89 billion based on Friday’s closing price. Although Musk’s shares are categorized as a passive investment, Wedbush analyst Dan Ives told CNBC that the purchase “could lead to some sort of buyout.”
The Newest Robots and Future Technologies: All the March Technology News in One Issue
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Starship orbital launch date could happen in May 2022, Elon Musk reveals
Provided an FAA environmental review wraps up by then.
The SpaceX boss provided a recent update on the long-anticipated first orbital launch for his Mars-bound Starship rocket.
Musk claims SpaceX and Tesla wouldn’t have flourished under them in 2008
Elon Musk is at it again on Twitter, this time taking shots at the White House’s plan to impose a “billionaires’ tax” in the U.S.
Musk agreed with another tweeter’s statement by writing “SpaceX & Tesla would probably have died,” if there was a similar tax initiative in 2008, as “both narrowly escaped bankruptcy in 2008.”
## Elon Musk could pay an additional $50 billion in taxes.
The white house’s billionaire minimum income tax\.
@JimPethokoukis Good point. SpaceX & Tesla would probably have died, since both narrowly escaped bankruptcy in 2008.
“Not Afraid Of Dying, It Would Come As A Relief”: Elon Musk
I’m disappointed that Elon Musk is anti-lifespan extention.
Surely we can find an easier way to avoid old politicians holding powers for too long without condemning billions of people to old age sickness and death.
NDTV.
Elon Musk, the SpaceX and Tesla CEO, is not concerned about one thing: a long lifespan.
SpaceX drops Starship SN20 from the first orbital flight test for a new prototype
SpaceX CEO Elon Musk drops some key new information about the first Starship orbital flight test timeline and dropping SN20 prototype from this test.
SpaceX has been preparing for the first Starship orbital flight test since the last year. But this experiment is getting delayed due to one reason or another as time elapsed.
Initially, SpaceX wanted to perform the first Starship orbital flight experiment with the more stable and tested SN20 prototype (aka Ship 20).
Talking to SpaceX fans on Twitter earlier this week, Elon Musk confirmed that the first orbital flight will not be conducted on the SN20 prototype anymore. A prototype will be used from the existing SN21 or SN22 or a new one will be built for the purpose.
Elon Musk tweets about building a new social media platform
CEO of Tesla Elon Musk revealed in tweets posted on Saturday that he is giving serious thought to creating a social media platform.
“Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy,” Musk further tweeted.
Free speech
Meanwhile, on Friday, he put out a Twitter poll asking users if they thought Twitter adhered to the principle of free speech. Over 70% of respondents voted “no”.